Why Pershing Square Holdings Trades At A Deep Discount To NAV

In an attempt to better understand the potential discount or premium to NAV for the Fundrise Venture product (VCX), I wanted to examine Pershing Square Holdings, ticker PSHZF, listed on the London Stock Exchange. Pershing Square manages over $18 billion and is run by American, Bill Ackman. Meanwhile, the fund currently trades at about a

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